J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $183.00 by Analysts at Evercore ISI

06 Oct 2024, 05:06 by Jessica Moore · The Cerbat Gem

J.B. Hunt Transport Services (NASDAQ:JBHT – Free Report) had its price target trimmed by Evercore ISI from $185.00 to $183.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

A number of other analysts also recently weighed in on JBHT. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating for the company in a report on Wednesday, July 17th. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a neutral rating in a research note on Thursday, September 26th. Benchmark restated a buy rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday. Wells Fargo & Company started coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an overweight rating and a $185.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an equal weight rating on the stock in a research report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $182.06.

View Our Latest Report on JBHT

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $164.52 on Thursday. The stock has a 50-day simple moving average of $169.75 and a 200 day simple moving average of $169.37. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a market capitalization of $16.98 billion, a PE ratio of 26.11, a P/E/G ratio of 2.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. Research analysts anticipate that J.B. Hunt Transport Services will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the business’s stock in a transaction on Friday, July 19th. The stock was purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia raised its position in J.B. Hunt Transport Services by 33.1% in the 4th quarter. Bank of Nova Scotia now owns 10,142 shares of the transportation company’s stock worth $2,026,000 after purchasing an additional 2,521 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of J.B. Hunt Transport Services by 9.4% during the fourth quarter. Rafferty Asset Management LLC now owns 9,745 shares of the transportation company’s stock worth $1,946,000 after acquiring an additional 835 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of J.B. Hunt Transport Services by 141.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,649 shares of the transportation company’s stock worth $1,927,000 after acquiring an additional 5,651 shares during the last quarter. Cibc World Markets Corp lifted its stake in shares of J.B. Hunt Transport Services by 133.4% during the fourth quarter. Cibc World Markets Corp now owns 10,516 shares of the transportation company’s stock valued at $2,100,000 after acquiring an additional 6,010 shares during the period. Finally, CenterBook Partners LP bought a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $1,852,000. 74.95% of the stock is owned by institutional investors.

About J.B. Hunt Transport Services

(Get Free Report)